VA Mortgage Berks County, PA
Bellco Federal Credit Union helps Berks County, PA members establish affordable home mortgage loans, including VA mortgages, that meet their unique needs, with competitively low rates and repayment terms customized to fit their lives.
Originally known as the Bell Telephone Credit Union, Bellco FCU, a member-owned, not-for-profit federal credit union, opened its doors in 1938 and continues to provide unique financial products and services to individuals and small businesses in Berks County.
Like banks, credit unions accept deposits, make loans, and provide a wide variety of other financial services. But as member-owned and cooperative institutions, we provide a safe place to save and borrow at reasonable rates with exceptional customer service.
About VA Home Mortgages
VA home mortgages are backed by the U.S. Department of Veterans Affairs and are designed to help eligible veterans, reservists, active-duty service members, and some surviving spouses purchase a primary residence by offering excellent mortgage terms that most conventional and FHA mortgages cannot match.
The VA offers very flexible credit options, and buyers with less-than-perfect credit and limited funds available for down-payment can still become homeowners. The features include:
Up to 100% financing of the property value
No monthly private mortgage insurance premiums
No prepayment penalty
The seller may contribute up to 4% of the purchase price
The first step is to establish your eligibility with the VA for a home loan. The Certificate of Eligibility can be obtained by applying online, through the mail, or through a VA-approved mortgage lender, such as Bellco FCU.
If you later decide to sell your home and pay off your existing VA loan, you can apply for reinstatement of your home loan benefits and reuse them again and again.
No matter what your situation, Bellco FCU's locally-knowledgeable loan advisors are here to help you establish the affordable home mortgage loan that suits your needs.
We also offer a variety of other home loan options with different terms and qualifications, such as FHA loans, fixed-rate mortgages, adjustable-rate mortgages, USDA Rural Housing loans, and more, that may be available for primary residences, vacation homes, or investment properties.
Who Can Join Bellco FCU?
Bellco FCU offers membership to people who live, work, worship, or attend school in Berks County, PA, including their immediate family members, such as a spouse, children, siblings, and parents.
By opening a primary Member Savings account with as little as $5 and following a few simple steps, you can become a member. Once you join, you may remain a member forever, even if you change jobs, retire, or move away from the Berks County area.
If you are looking for competitive rates and terms on a VA mortgage in Berks County, PA, Bellco FCU is a great option. We focus on meeting the needs of our members and the communities we serve and provide valuable benefits that can help you become financially empowered.